Investors' Soapbox PM

BlackBerry Not Ripe for Higher Bid

Raymond James says no one will likely pay higher than $9 a share.

October 2, 2013

Raymond James & Associates

Last night BlackBerry filed their 10-Q to provide more details on its fiscal second quarter.

The Fairfax Financial Holdings consortium has offered a letter of intent to take BlackBerry (ticker: BBRY) private at $9 a share. Shareholders no doubt are disappointed with the lack of a price premium. However, BlackBerry is quickly running out of options especially following the disastrous...